Bloomberg with the quick headline from the latest from RBC
- Pushes out forecast to Q1 2016
- Expects further RBA cut in Q2 of 2016
Previously RBC had forecast a cut both later this year and in Q1 of 2016
They cite RBA governor Glenn Stevens testimony this morning, saying he sounded, while not upbeat, not as downbeat as expected.
RBC say the hurdle to further rate cuts is high and may have risen further.
